Explain Nash equilibrium
What will be an ideal response?
In game theory, the most common form of equilibrium is called Nash equilibrium. It involves a list of strategies, one for each player, with the property that no manager wants to change its strategy unilaterally. In other words, for each manager, its strategy in the equilibrium is the best response to the others' strategies in the equilibrium.
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In the opening case on the Java Lounge in Saudi Arabia, Saudi businessmen engaged in chit-chat while drinking coffee at a café during the conduct of business. Which of the following was the most likely reason for their behavior?
A) They are fatalistic, believing that the business outcome was predetermined. B) Their religious convictions kept them from discussing business over alcoholic drinks. C) They come from a polychronic culture that prefers to multitask. D) They come from a high-context culture in which small talk and seemingly unrelated information is important to decision making.
By 2026, companies will no longer be concerned about security and therefore, will opt to keep data on their own, privately controlled servers
Indicate whether the statement is true or false